04 Mar 2021
The Company is pleased to provide an update on the Fountain Head Gold Project development with a number of important milestones reached. The Company has finalised the Sale and Purchase Agreement (SPA) with private company, Ausgold Trading Pty Ltd (“Ausgold”), to acquire the Glencoe Gold Deposit (Glencoe) for a total consideration of $1.875 million. A $0.5 million payment was made in Dec 20’ (fully refundable under certain conditions), with a further $0.675 million due upon execution of the SPA, and the balance to be paid by 31 December 2021 (refer to Key Terms in ASX announcement 10 December 2020 for
18 Feb 2021
PNX Metals Limited - Gold and silver developer preparing for mine approval PNX Metals (ASX: PNX) holds a unique mix of zinc, gold and silver assets 170km south of Darwin in the Northern Territory. Gold resources of 400koz, 16.2Moz of silver and 180kt of zinc, are located on 100% owned Mining Licences. At the Fountain Head Gold Mine, construction of a ±A$40M CIL plant is being evaluated with potential for commencement in 2021. The recent Glencoe acquisition (43koz at 1.9g/t, JORC 2004) shows promise to augment the gold mine and grow resources. We have a Speculative Buy, with a 12-month
29 Jan 2021
This notice is given under section 708A(5)(e) of the Corporations Act 2001 (Cth) and the Company’s confirms that it has issued a total of 202,288,206 ordinary shares on 29 January 2021 to sophisticated and professional investors being a placement of the shortfall shares under the non-renounceable rights issue announced to the ASX on 30 November 2020. The related Appendix 2A was lodged with the ASX on 25 January 2021.
25 Jan 2021
The Company is pleased to advise that it has received firm commitments for the full placement of the non-renounceable pro-rata rights issue shortfall, being 202,288,626 new shares (refer ASX release 22 December 2020) pursuant to the non-renounceable pro-rata rights issue (refer ASX release 30 November 2020) which closed on 17 December 2020.
24 Dec 2020
The Company refers to its recent one (1) for four (4) non-renounceable pro-rata entitlement issue priced at $0.006 per new share announced on 30 November 2020 (Rights Issue). As a result of the Rights Issue, the Company gives notice that the exercise price of its existing unlisted options to subscribe for PNX shares will be adjusted in accordance with the terms and conditions of issue of the options, effective on 24 December 2020.
24 Dec 2020
Appendix 2A in relation to the issue of 527,950,076 Fully Paid Ordinary Shares (ORD), pursuant to the Non-Renounceable Rights Issue as well as the issue of 1,000,000 Fully Paid Ordinary Shares (ORD) in lieu of payment. Total issue of shares completed today, 24/12/2020, is 528,950,076
22 Dec 2020
PNX Metals Limited ("the Company”) is pleased to advise that its non-renounceable pro-rata rights issue (ASX release 30 November 2020) closed at 5:00pm (ACDT) on 17 December 2020. The Company received acceptances for 527,950,076 new shares at an issue price of $0.006 per share for a total $3,167,701 representing an approximate 72% take-up (including oversubscriptions) of the maximum number of new shares available of 730,238,702. This included participation by a number of major shareholders, including DELPHI Unternehmensberatung Aktiengesellschaft (“DELPHI”) which took up its full entitlement together with the Board and management of the Company.
15 Dec 2020
The Company wishes to remind shareholders that the non-renounceable pro-rata rights issue, announced on 30 November 2020, closes at 5pm (Adelaide time) on Thursday 17 December 2020. All eligible shareholders should have received their Offer Booklet by now. If you have not received your booklet and wish to participate, the Company encourages you to contact your broker or custodian, or you can contact the Company directly.
15 Dec 2020
The Company is pleased to announce that surface rock chip sampling undertaken during a recent field assessment has returned high gold values from multiple priority target locations within the Burnside exploration Project (“Burnside”), including the Fountain Head anticline and Western Arm North prospects. Burnside is located approximately 170km south of Darwin in the Pine Creek region of the Northern Territory and surrounds PNX’s 100% owned Fountain Head Gold Project, which hosts a JORC 2012 compliant Mineral Resource Estimate of 2.94Mt at 1.7g/t Au for 156,000oz Au (refer to PNX's ASX announcement dated 16 June 2020 for full details including JORC
10 Dec 2020
The Company is pleased to advise that it has signed a non-binding Term Sheet with private Company, Ausgold Trading Pty Ltd (“Ausgold”), to acquire the Glencoe Gold Deposit (Glencoe) for a total staged consideration of $1.875 million. The acquisition represents an opportunity to acquire a ‘bolt on’ asset that has the potential to significantly expand the Fountain Head gold development. The Glencoe Mineral Leases are situated less than 3km to the north of PNX’s 100% owned Fountain Head Gold Project which hosts a JORC 2012 compliant mineral resource estimate of 2.94Mt at 1.7g/t Au for 156,000 oz Au (refer Table
08 Dec 2020
The Company advises that, following the launch of a non-renounceable rights issue (Refer to ASX Announcement on 30 November 2020 for further detail), the following offer documents, attached hereto, have been despatched to shareholders today: Entitlement Offer Booklet Entitlement and Acceptance Form
03 Dec 2020
This notice is given under section 708A(5)(e) of the Corporations Act 2001 (Cth) and the Company's confirms that it has issued a total of 378,333,333 ordinary shares on 2 December 2020 to sophisticated and professional investors under a capital raising announced to the ASX on 30 November 2020. The related Appendix 2A was lodged with the ASX on 2 December 2020.
Refer to PNX’s company page at www.asx.com.au for Announcements prior to 1 July 2014.